Abstract: Through financial reports, the insurance company can determine the exact steps the company is taking now and in the future, by looking at the various problems that exist, both the weaknesses and the strengths it has. The data analysis method used in this research is to use quantitative methods with horizontal analysis of the financial statements of PT. Bhakti Bhayangkara based on Statement of Financial Accounting Standards (PSAK) No. 28 concerning Loss Insurance Accounting, namely Solvency and Profitability Ratio, Liquidity Ratio, Premium Stability Ratio and Technical Ratio. Based on the data analysis conducted, it is concluded that the companys financial performance is in good condition when viewed from several ratios, but there are also records that need to pay attention to several ratios, such as the need for evaluation in calculating rates, good claims management, and insurance contracts. This is intended so that the insurance companys underwriting expense does not increase and affects the underwriting results and so on. With this step, it is hoped that in the future good decisions can be produced and can improve the companys financial performance.